Question: Abel and Carr formed a partnership. Abel contributed $ 1 0 0 , 0 0 0 in cash to the partnership, and Carr contributed $

Abel and Carr formed a partnership. Abel contributed $

100, 000

in cash to the partnership, and Carr contributed $

84, 000 .

Because Carr has business expertise that is considered valuable to the partnership, Abel and Carr agree on equal capital balances. Under the goodwill method of accounting for partnership formation, Carr's initial capital account should be credited by:

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